United States and India Reach Interim Trade Agreement Framework

The United States and India have agreed on a framework for an Interim Agreement aimed at enhancing reciprocal trade. This agreement reaffirms their commitment to broader negotiations on a U.S.-India Bilateral Trade Agreement, initiated by President Donald J. Trump and Prime Minister Narendra Modi. Key terms include tariff reductions and eliminations on a variety of goods, preferential market access, and the establishment of rules of origin. The countries also aim to bolster supply chain resilience and address barriers in sectors including digital trade and technology. India plans to purchase $500 billion of U.S. goods over five years as part of this agreement.

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